Marcus & Millichap has closed the sale of ExpressMed Gahanna, a 6,000-square-foot net-leased medical office property located in Gahanna, Ohio.
The property sold for $1.48 million.
John Reehil, a senior investment specialist in Marcus & Millichap’s Columbus office, had the exclusive listing to market the property on behalf of the seller, a limited liability company. The buyer, a limited liability company, was secured and represented by Stephen Lieberman, an investment specialist in Marcus & Millichap’s Chicago Downtown office. Michael Glass, Ohio broker of record also assisted in this transaction.
ExpressMed Gahanna is located at 445 Rocky Fork Blvd. in Gahanna. The former bank branch on an out-parcel to a Kroger-anchored shopping center, was doubled in size and converted into an urgent care facility. Construction was completed in the fall of 2014.
The property is encumbered by a 15-year absolute net lease. This is ExpressMed’s second Central Ohio location.
